A landmark agreement made between the State Government of Victoria and Malaysia's Invest Selangor Berhad on 22 May 2017 will see a collaboration in the high-tech industries, including eCommerce, aerospace and biotechnology.
Signed during a recent Trade Mission by a Victorian delegation to one of the largest platforms organised for the digital technology sector in Southeast Asia, CommunicAsia, the MoU will also see collaboration in the food, agriculture, training and education sectors, and provide opportunities for Victorian exporters to develop new –and strengthen existing – trade relationships in Malaysia.
Commissioner for Victoria to Southeast Asia, Brett Stevens and Victoria's Technology Development Sector Director, Kathy Coultas (both pictured below), witnessed the Signing Ceremony that took place at Istana Selangor, saying the MoU will "mutually benefit both countries, particularly in the technologies sector."
Pictured from left to right: Sharifah Norfazera Syeed Ahmad Nazar - Manager Pre-Investment, Noor Azfinah Ishak - Director, Trade and Investment , Dato' Hasan Azhari Bin Idris - Chief Exucutice Officer, Invest Selangor, Dato' Teng Chang Khim - Senior Executive Councilor of the State Government of Selangor, Brett Stevens - Victorian Commissioner to Southeast Asia, Kathy Coultas - Director, ICT /Tech Sector Development, Ben Lim - Investment Director, Kuala Lumpur Victorian Government Business Office.
In his welcoming speech to the Victorian delegation, Selangor's Senior Executive Councillor for Investment, Industry & Commerce, SME and Transportation, Yang Berhormat Dato' Teng Chang Khim said the MoU will help Selangor become globally competitive "towards a future disrupted by technological changes and innovations."
Melbourne is Australia's tech hub city recognised for its innovative capabilities in digital technology with a strong track record of developing world-class technology-enabled businesses.
A significant industry in its own right, Victoria's digital technologies sector contributes in excess of A$34 billion in revenue annually, employs around 91,300 people and is internationally competitive, generating exports of around A$2.5 billion.